Archive for posts ‘Paul Krugman’

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Quote of the Day

Can I say that 20 million Americans unemployed, the fact that we’re worrying about the status of the White House social secretary…

—Economist and Nobel Laureate Paul Krugman, appearing on ABC’s This Week, trying to make sense of the nonsensical.

Fear the Bagger

Paul Krugman, yet another liberal Nobel Laureate who conservatives love to hate, explains why the GOP civil war may look fun from the outside but is actually bad news for the nation:

In fact, the party of Limbaugh and Beck could well make major gains in the midterm elections. The Obama administration’s job-creation efforts have fallen short, so that unemployment is likely to stay disastrously high through next year and beyond. The banker-friendly bailout of Wall Street has angered voters, and might even let Republicans claim the mantle of economic populism. Conservatives may not have better ideas, but voters might support them out of sheer frustration.

And if Tea Party Republicans do win big next year, what has already happened in California could happen at the national level. In California, the G.O.P. has essentially shrunk down to a rump party with no interest in actually governing — but that rump remains big enough to prevent anyone else from dealing with the state’s fiscal crisis. If this happens to America as a whole, as it all too easily could, the country could become effectively ungovernable in the midst of an ongoing economic disaster.

The point is that the takeover of the Republican Party by the irrational right is no laughing matter. Something unprecedented is happening here — and it’s very bad for America.

(via)

Krugman Wins Nobel Prize for Economics

Looks like those freedom-hating Norwegians are up to no good again:

Paul Krugman, a professor at Princeton University and an Op-Ed page columnist for The New York Times, was awarded the Nobel Memorial Prize in Economic Sciences on Monday.

Mr. Krugman received the award for his work on international trade and economic geography. In particular, the prize committee lauded his work for “having shown the effects of economies of scale on trade patterns and on the location of economic activity.”

First Al Gore, now Paul Krugman. Looks like the world has a pretty obvious liberal bias.

By the way, the Nobel Prize is named after Alfred Nobel, the inventor of dynamite, which is probably what Bill Ayers would have used to blow up the Pentagon. Applying the Sarah Palin standard of guilt by little-to-no association, why is Paul Krugman palling around with domestic terrorists?

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